Quantcast
Article Index |Advertise | Mobile | RSS | Wireless | Newsletter | Archive | Corrections | Syndication | Contact us | About Us| Services
 
Wed, May 22, 2013 01:00 PM Philippines      25°C to 33°C
  HOME       NEWS     SPORTS     SHOWBIZ AND STYLE      TECHNOLOGY     BUSINESS     OPINION      GLOBAL NATION    SERVICES
Advertisement
Inquirer Mobile
Property Guide

INQUIRER ALERT
Get the free INQUIRER newsletter
Enter your email address:

 
Money / Top Stories Type Size: (+) (-)
You are here: Home > Business > Money > Top Stories

  ARTICLE SERVICES      
     Reprint this article     Print this article  
    Send Feedback  
    Post a comment   Share  

  RELATED STORIES  




imns


Globe Telecom broadband subscribers breach 1M mark

End-October level up 95% year on year

By Paolo Montecillo
Philippine Daily Inquirer
First Posted 21:43:00 11/01/2010

Filed Under: Telecommunications Services, mobile phones

MANILA, Philippines?The race among the country?s telecommunications firms for more Internet subscribers just got tighter, with Ayala-led Globe Telecom Inc. nearly doubling the size of its broadband base at end of the third quarter from the same time last year.

The company said its broadband subscriber base was now at more than a million users. This represented a 95-percent improvement from the 517,355 Globe Internet users in September 2009.

?We are seeing robust growth in subscriber take-up for our DSL [digital subscriber line], Broadband Tattoo and WiMAX [wireless interoperability microwave access] offers, especially in the provinces,? Globe president and CEO Ernest Cu said.

Cu said the numbers did not take into account the level of subscribers who use the Internet using their mobile phones.

The company claims to be the leading carrier used by users of BlackBerry smartphones in the Philippines. The company is also the exclusive distributor of the Apple iPhone.

?We are happy to hit the one-million milestone for broadband users and expect our growth trajectory to continue by year?s end. We aim to be the preferred provider by more subscribers as we introduce new products and improve the surfing experience of our customers,? Cu said.

Since 2006, Globe has seen tremendous growth in its broadband users, with a compounded annual growth rate of 123 percent.

Broadband is seen as the next battleground for local telecommunications companies given the relatively low Internet penetration of the Philippines compared with its neighbors in the region.

With almost everyone in the country using mobile phones, industry players said the market for traditional call and text services was already close to maturity. Likewise, cutthroat pricing between firms has led to a drop in rates, resulting in thinner profit margins for phone firms.

Globe said it recently completed the rollout of its broadband network infrastructure across the Philippines. Of its $500-million budget for 2010, Globe said it invested $120 million for the expansion of its broadband network for the first six months of the year.

Globe?s rival Smart Communications recently reported that its broadband subscriber base was at 1.3 million users, while another seven million Smart users access the Web using their mobile phones.

Smart, a unit of Philippine Long Distance Telephone Co., earlier said it planned to grow its broadband base to two million users by end-2010.



Copyright 2013 Philippine Daily Inquirer. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.



Share

RELATED STORIES:

OTHER STORIES:



  ^ Back to top

© Copyright 2001-2013 INQUIRER.net, An INQUIRER Company

The INQUIRER Network: HOME | NEWS | SPORTS | SHOWBIZ & STYLE | TECHNOLOGY | BUSINESS | OPINION | GLOBAL NATION | Site Map
Services: Advertise | Buy Content | Wireless | Newsletter | Low Graphics | Search / Archive | Article Index | Contact us
The INQUIRER Company: About the Inquirer | User Agreement | Link Policy | Privacy Policy

Advertisement
Federal land
Jobmarket Online
Inquirer VDO
BizLinq